CPUs

As financial week rolls along this week, today AMD announced their second quarter 2015 financial results. Earlier this month ahead of today’s announcement the company issued a warning for their Q2 earnings, significantly revising down their projections for revenue and gross margin. As a result of AMD’s earlier warning today’s announcement doesn’t have too many surprises in it, but it’s none the less an important and unfortunately painful quarter for AMD.
AMD Q2 2015 Financial Results (GAAP)
Q2'2015
Q1'2015
Q2'2014
Revenue
$942M
$1.03B
$1.44B
Gross Margin
25%
32%
35%
Operating Income
-$137M
-$137M
$63M
Net Income
-$181M
-$180M
-$36M
Earnings Per Share
-$0.23
-$0.23
-$0.05
For the quarter AMD recorded $942 million in revenue. This marks the first time in quite a number of years that AMD’s quarterly revenue has dipped below $1 billion, indicating the challenges the company has faced as the PC market continues to be...